Foundations Investment Advisors LLC Purchases New Position in TMC the metals company Inc. $TMC

Foundations Investment Advisors LLC acquired a new stake in shares of TMC the metals company Inc. (NASDAQ:TMC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 198,739 shares of the company’s stock, valued at approximately $1,226,000.

Other large investors have also bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in TMC the metals during the 2nd quarter valued at approximately $28,000. Sunbelt Securities Inc. bought a new stake in TMC the metals during the 3rd quarter valued at approximately $34,000. Farther Finance Advisors LLC boosted its position in TMC the metals by 465.8% during the 4th quarter. Farther Finance Advisors LLC now owns 5,686 shares of the company’s stock valued at $35,000 after acquiring an additional 4,681 shares in the last quarter. Quantbot Technologies LP bought a new stake in TMC the metals during the 2nd quarter valued at approximately $48,000. Finally, Swiss Life Asset Management Ltd bought a new stake in TMC the metals during the 4th quarter valued at approximately $63,000. 4.39% of the stock is owned by institutional investors.

TMC the metals Stock Down 1.8%

Shares of TMC opened at $6.05 on Friday. The business’s 50 day moving average price is $5.14 and its 200-day moving average price is $6.11. TMC the metals company Inc. has a 52 week low of $3.93 and a 52 week high of $11.35. The stock has a market cap of $2.62 billion, a P/E ratio of -7.66 and a beta of 1.97.

TMC the metals (NASDAQ:TMC) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. On average, equities analysts anticipate that TMC the metals company Inc. will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

TMC has been the topic of several research reports. Wedbush lifted their price objective on TMC the metals from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TMC the metals in a research report on Monday, April 20th. Finally, Wall Street Zen raised TMC the metals from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.88.

About TMC the metals

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, energy transmission, manganese alloy production required for steel production, and other applications.